$RED /USDT BULLISH SETUP: OPPORTUNITY FOR LONG ENTRY
The $RED /USDT pair shows strong bullish momentum supported by a steady uptrend with higher highs and higher lows on the 1D timeframe. Key support levels around 0.3627 and 0.3672 indicate solid buying interest, while resistance near 0.3718 and 0.3745 must be watched closely for a breakout confirmation.
Trade Setup:
Entry: Long above 0.3680
Target 1: 0.3745
Target 2: 0.3800 (next resistance zone)
Stop Loss: 0.3620 (below recent support)
Volume surge and positive MACD crossover reinforce bullish bias. Moving averages (EMA and MA) are aligned upwards, confirming the trend strength. Use SAR and Bollinger Bands for dynamic exit points if price shows reversal signs.
Risk Management:
Risk no more than 2% of your trading capital per trade. Adjust position size according to stop loss distance to maintain controlled risk exposure.
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